Check out the companies making headlines after the bell : Howard Hughes Holdings — Shares slipped about 5% after Pershing Square’s Bill Ackman upped his takeover offer for the real estate company , vowing to turn it into a “modern-day” Berkshire Hathaway. Ackman said Tuesday that his firm submitted a proposal to acquire 10 million newly issued Howard Hughes shares at $90 per share, higher than the $85 per share from January. Bumble — The online dating company’s stock price plunged nearly 13% after Bumble gave disappointing first-quarter guidance. Bumble said it expects adjusted EBITDA to come out between $60 million and $63 million, and revenue to come out between $242 million and $248 million. Analysts polled by FactSet, meanwhile, expected adjusted EBITDA and revenue of $68.8 million and $256.9 million, respectively, for the period. Bumble’s earnings and revenue for the fourth quarter still came out higher than Wall Street anticipated. Cadence Design — The electronic system designing company saw shares decline about 5%. Although the company’s fourth-quarter earnings and revenue exceeded forecasts from analysts polled by LSEG, its full-year guidance came out below their calls. Cadence said it expects earnings per share, excluding items, to be between $6.65 and $6.75, while analysts called for $6.83 per share. Cadence’s revenue forecast of between $5.14 billion and $5.22 billion is slightly under the consensus call for $5.25 billion. The company’s CEO said Cadence saw record bookings and backlog in 2024. CoStar Group — Shares of the real estate company fell about 6%, hit by lackluster guidance even as the company’s adjusted EBITDA and revenue for its previous quarter blew past expectations. CoStar said it expects first-quarter adjusted EBITDA to be in the range between $25 million and $35 million, while analysts surveyed by FactSet expected $79.5 million. CoStar also anticipates revenue between $711 million and $716 million, short of expectations of $726.4 million, per FactSet. Arista Networks — The data center company’s stock was 4% lower even though its quarterly earnings and revenue, as well as its guidance, topped Wall Street’s expectations. Arista posted adjusted fourth-quarter earnings per share of 65 cents on $1.93 billion in revenue, while analysts polled by LSEG expected earnings of 57 cents per share, excluding items, on $1.90 billion in revenue. Toll Brothers — Shares fell about 5% on the back of the homebuilder’s first-quarter results. Toll Brothers’ revenue of $1.86 billion for the period fell short of expectations of $1.91 billion, from analysts polled by FactSet. The company’s earnings of $1.75 per share also came out under the consensus forecast of $2.04 per share.
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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